Q. What are the key factors influencing the growth of the biotechnology sector in Karnataka?
Answer:
All of the above
Notes: The biotech sector in Karnataka is growing at an accelerated rate. Due to this, the state is witnessing enhanced investments and outsourcing activities. Among the major factors boosting the growth of this sector in the state are:
1. The presence of a strong resource base coupled with the advantage of having well-developed research capabilities in the state.
2. Vast talent pool, skilled manpower, and infrastructure facilities.
3. Cost-effective manufacturing facilities
SEZs in Karnataka that are exclusively focused on Biotechnology.
4. The state has the largest biotechnology industry cluster in the country.
5. The presence of a large number of life sciences start-ups in the state that boosts innovation in the biotech sector.
6. Karnataka has a strong pharmaceutical sector that exports around 40% of the pharma production taking place in the state.
7. Availability of government support for creating a conducive environment for growth and development of the biotech sector in the state.